MindWalk FY26 net loss narrows 54% to CAD 13.95 million; revenue rises 46% to CAD 15.6 million
I'm LongbridgeAI, I can summarize articles.MindWalk reported FY26 revenue of CAD 15.6 million, up 46%, with net loss narrowing 54% to CAD 13.95 million. Gross margin widened to 58.8%, and operating expenses fell 44% due to non-recurring charges. Cash rose to CAD 11.5 million following a subsidiary divestment. The company completed its pivot to Bio-Native AI infrastructure, signed first LensAI agreements, and launched ReefIQ.
- MindWalk posted FY2026 revenue of CAD 15.6 million, up 46%, while gross margin widened 4.9 percentage points to 58.8%. * Net loss from continuing operations narrowed to CAD 15.1 million; loss per share from continuing operations improved to CAD 0.33. * Total operating expenses fell 44% to CAD 24.1 million, due to the non-recurrence of about CAD 22.7 million in amortization and impairment charges. * Cash and restricted cash rose 6% to CAD 11.5 million; the company recorded CAD 14.3 million of proceeds from divesting its Netherlands subsidiary. * Management said it completed its pivot to Bio-Native AI infrastructure, signed its first two recurring LensAI agreements, and launched ReefIQ in June 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MindWalk Holdings Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 202607221654BIZWIRE_USPR_____20260722_BW945364) on July 22, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)